• U.S. jobless claims data point to firming labor market

    WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting a sharp slowdown in job growth in August was an aberration.12:31 PM ET | Reuters

  • Dow, S&P hit record as financials climb

    NEW YORK (Reuters) - U.S. stocks were higher in afternoon trading Thursday, with the Dow and S&P 500 hitting fresh record highs after the U.S. Federal Reserve kept intact its commitment to keeping1:21 PM ET | Reuters

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[BRIEFING.COM] The IMF expressed its concerns before the start of today's trading that "excessive risk taking may be building up" with valuations for just about every major asset class looking stretched.

As one can see from the standing of the major indices, that warning went in one of the market's ears and out the other.  Actually, we're not even sure it went in one ear.  The market started with a bullish bias and has maintained that bias throughout today's session.

The ... More


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